Mortgage rates climb further this week, rising 8 basis points to their highest in nearly a year, the Freddie Mac Primary Mortgage Market Survey reported. What other mortgage rate indicators are showingLender Price data posted on the National Mortgage News website for the 30-year FRM has remained above 6.9%. "Mortgage rates are slightly lower than a year ago, but that boost to housing activity may not last much longer," Ng said. "Depending on what happens with the war in Iran, and if oil prices decline, we can hopefully look forward to lower mortgage rates." "Higher inflation, and this turn in monetary policy, certainly have contributed to the increase in mortgage rates, now at their highest levels since last August," Fratantoni said.